Find the annual percent incrFind the annual percent increase or decrease that y = 0.35(2.3)x models.
(1 point)
Responses
230% increase
130% increase
30% decrease
65% decrease
To find the annual percent increase or decrease, we need to compare the initial value of y to the final value of y.
In this case, the initial value of y is 0.35(2.3)^0 = 0.35(1) = 0.35 and the final value of y is 0.35(2.3)^1 = 0.35(2.3) = 0.805.
To find the percent increase or decrease, we can use the formula:
Percent change = (Final value - Initial value) / Initial value * 100
Percent change = (0.805 - 0.35) / 0.35 * 100
Percent change = 0.455 / 0.35 * 100
Percent change ≈ 130%
Therefore, the annual percent increase is 130%.
The correct answer is 130% increase.